Moody's Lowers Botswana's Economic Outlook To Negative
Monday, February 22, 2010
The downgrade, which comes just a week after another ratings agency Standards and Poors lowered Botswana's credit rating, reflects the continued strain on the country's finances imposed by the global economic crisis.
However, despite the change in the outlook, Moody's say Botswana sovereign credit rating remains unchanged at A2 for both local and foreign currency government bonds. "The rating is unchanged at A2 for both local and foreign currency government bonds. "However, the outlook has changed from 'Stable' to 'Negative', and this reflects the continued strain on the country's finances imposed by the global economic crisis.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...